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From 1 April 2011 it became compulsory for certain land transactions to be compulsory zero rated (CZR). This means that GST will be charged at the zero percent. The regime will apply to almost all transactions involving land that are made between GST registered parties. There are some limited exclusions.

From 1 April 2011 GST will be set at 0% for nearly all land transactions between GST registered parties. This compulsory zero-rating is designed to prevent the IRD having to pay out GST refunds to purchasers where the vendors have not returned the GST.

Property investors, whether they are following the trading strategy and/or the buy and hold, will need to be aware of the wide ranging and often complex taxation ramifications. Taxation (including GST) is the largest single expense you will face.